Chennai
Chennai- Perumbakkam, a suburban residential hub of South Chennai, has observed 8 percent increase in average property values in the last quarter. The area, offering a wide range of multi-storey apartments, is well connected to the IT hubs of OMR and Sholinganallur through the ECR Link Road. The rate per sqft of properties in Perumbakkam [...] Continue Reading »
Chennai- The proposed Tambaram Eastern Bypass Road, which has been in the pipeline for nearly a decade, but with the announcement of a floor space index (FSI) of 2.5, has become a hot cake for developers. Though the residents of Sadanandapuram and the Tamil Nadu government are in a long term dispute over the project, [...] Continue Reading »
A complaint filed by DGCOM Buyers and Owners Association against Delhi-based leading realtor DLF, alleging market power exploitation, has been declined by the Competition Commission of India (CCI). The Chennai-based association had filed a petition with CCI claiming that DLF has misused its dominant market position relating to a residential project in Chennai. The petition [...] Continue Reading »
Presence of reputed schools and educational institutions in an area alters the area’s realty growth. On the other hand, most of the schools are giving preference to admit students who reside within a 5 km radius. Parents choose to move into new houses or buy properties in the localities close to their kid’s school. Some [...] Continue Reading »
Chennai- A group of residents of Sadhanandapuram-Aalapakkam near Tambaram has requested the District Administration to make some changes in the plan for the proposed Tambaram East bypass road project. They submitted a memorandum stating that the project would affect more than 200 houses in Sadhanandapuram-Alapakkam coming under Nedungundram village panchayat in Chengalpattu taluk. The majority [...] Continue Reading »
Chennai- Lancor Holdings, Chennai based leading developer has announced that it has acquired 6.5-acres plot near Maraimalai Nagar on the GST Road for Rs 40 crore. The company in a regulatory filing with stock exchanges disclosed the purchase of 100 percent equity shares of L&T Commercial Projects Pvt Ltd. However, the firm did not reveal [...] Continue Reading »
Chennai- Broken boundary wall near the Rangarajapuram flyover has become a death trap for residents. A resident was trying to cross the railway track when he was hit by the moving train leading to his death on the spot. The death of S.Rajagopalan was the fourth within a month and many people have got injured, [...] Continue Reading »
Bangalore/Chennai- Luxury residential segment has been observing significant rise in demand in the top seven cities of India. Over 200 luxury residential projects were launched between 2008 and September 2012. Among all the cities, Bangalore alone holds 21 percent of share during the first three quarters of this year while Chennai holds 20 percent. Fast [...] Continue Reading »
Chennai- Most of the apartments located in the suburbs of Chennai have witnessed a price appreciation of over Rs 1,000 per sq ft in the last two years. In some of the areas in Chennai outskirts, the property prices have even increased by up to 75 percent. According to a report released by realty consultant [...] Continue Reading »
As the Monegar Choultry Road subway nears completion, the North Chennai residents are happy as from three-four years they were facing problems commuting in one ways. The subway work started in March 2008 was stopped and resumed many times. The subway would have completed faster if it was in South Chennai, said the residents and [...] Continue Reading »
